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CHOROS System

  • #2,861
  • Nov 24, 2010 1:06am Nov 24, 2010 1:06am
You guys are fast. Correct on all fronts. If you look on the left in the M15 chart you can see the previous resistance which I used to take profit. That was confirmed by the inverted hammer on the M5, but even if it wasn't I would still take profit there due to previous resistance.
  • #2,862
  • Nov 24, 2010 1:14am Nov 24, 2010 1:14am
Quoting Yamster
My 2 dance trades constrainment of the 35/50 MA's EU and GU. Happy trading
Nice one Yamster. You look like an experienced dancer (COUGH! COUGH!).
  • #2,863
  • Nov 24, 2010 1:18am Nov 24, 2010 1:18am
Kostas1, I am looking for someone to backtest some algorithms/trading ideas of mine. Could you suggest something?
  • #2,864
  • Edited 2:48am Nov 24, 2010 1:45am | Edited 2:48am
Anyone buying that one? I think i will take it. looking sweet to me. Only worry is yesterdays bounce from Monthly S2 pivot

Sorry about no charts but easy to spot

EDIT: I meant anyone buying that argument and selling EU?
EDIT: See what constrainment in HTF does
Making money is easy- Just dont take losing trades
  • #2,865
  • Nov 24, 2010 2:29am Nov 24, 2010 2:29am
Quoting george30
Kostas1, I am looking for someone to backtest some algorithms/trading ideas of mine. Could you suggest something?

Giorgo,
Can you be a little more specific?
  • #2,866
  • Nov 24, 2010 2:30am Nov 24, 2010 2:30am
Quoting Survivor
Anyone buying that one? I think i will take it. looking sweet to me. Only worry is yesterdays bounce from Monthly S2 pivot

Sorry about no charts but easy to spot
Buying no. Selling YES
  • #2,867
  • Nov 24, 2010 3:21am Nov 24, 2010 3:21am
Short M15 EMA10 + RN

I must say that the Touch of the Ema10 was not exactly at pip, but seeing the RN and the stronger move downwards I would have been ready to risk a few pips to not lose the move down.

Closed at previous S/R level

+ 33.7
Done with one operation.

There are really several opportunities every day.
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  • #2,868
  • Nov 24, 2010 3:38am Nov 24, 2010 3:38am
Quoting Survivor
Anyone buying that one? I think i will take it. looking sweet to me. Only worry is yesterdays bounce from Monthly S2 pivot

Sorry about no charts but easy to spot

EDIT: I meant anyone buying that argument and selling EU?
EDIT: See what constrainment in HTF does
Yes, it's easy to spot..but difficult to find an entry for constrainment trade.....
  • #2,869
  • Nov 24, 2010 3:49am Nov 24, 2010 3:49am
Quoting kostas1
Giorgo,
Can you be a little more specific?
Sure Kosta! I trade stocks and currencies since 2004 and during this period I have developed a trading "philosophy" consisted of certain rules. I now conduct every transaction following two main algorithms based on the rules I mentioned. I backtested these two algorithms "pen and paper" style some time ago, as I lack the required computer skills, and the outcome was promising. The actual results so far are also positive. What I want to do now is to find somebody to perform a proper backtesting for me, preferably on MT4 platform. I believe this will first of all give me more concrete evidence that my algorithms are indeed robust, and second better execution through systematizing my algorithms with EAs.
Unfortunately, I haven't thus far found a backtester and I was wondering if you knew anyone to suggest me or if you could do it personally.
  • #2,870
  • Nov 24, 2010 3:57am Nov 24, 2010 3:57am
Quoting Fxprince12
Yes, it's easy to spot..but difficult to find an entry for constrainment trade.....
Yes i get what you mean. An hour actually closed above the constraing MA making things confusing. And then larger Sl is need to trade HTF. i have 3 observations regarding this:

1. I find slow movers best for constrainment- one can measure upto 2-3 pips. no fake outs. I have success with USDCAd in particular. Sell near previous hour high with 5 pip SL as simple as that.

2. For fast movers keep slightly larger SL. maybe 20 pips is needed. I still need to marter them. Any suggestions welcome.

3.Even if you dont trade HTF constrainments, it's always good to spot the constrainment. At least you know what to expect when it breaks down in 15M.
Making money is easy- Just dont take losing trades
  • #2,871
  • Nov 24, 2010 3:57am Nov 24, 2010 3:57am
Quoting Whenever
Short M15 EMA10 + RN

I must say that the Touch of the Ema10 was not exactly at pip, but seeing the RN and the stronger move downwards I would have been ready to risk a few pips to not lose the move down.

Closed at previous S/R level

+ 33.7
Done with one operation.

There are really several opportunities every day.
Great work Whenever.
All that matters is winning the week
  • #2,872
  • Nov 24, 2010 4:07am Nov 24, 2010 4:07am
Quoting Whenever
Short M15 EMA10 + RN

I must say that the Touch of the Ema10 was not exactly at pip, but seeing the RN and the stronger move downwards I would have been ready to risk a few pips to not lose the move down.

Closed at previous S/R level

+ 33.7
Done with one operation.

There are really several opportunities every day.
Great work. Even i got fooled waiting for actual touch because Gu normally tests well. But caught the next actual touch for 20 tasty pips
Making money is easy- Just dont take losing trades
  • #2,873
  • Edited 5:12am Nov 24, 2010 4:10am | Edited 5:12am
hellloooo
woke up late today
missed the 1st touch but
saw this touch 2nd touch of 10ema..

short at 1.5788..

EDIT: close half position at +15.. stop at BE for the other half..
EDIT: at +30, moved Stop to BE+10
EDIT: out 1/4 of position at +30, remaining half now at +40, trailing stop to BE+15
EDIT: out at +15 for last portion. FLAT now
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  • #2,874
  • Nov 24, 2010 4:11am Nov 24, 2010 4:11am
Quoting Whenever
Short M15 EMA10 + RN

I must say that the Touch of the Ema10 was not exactly at pip, but seeing the RN and the stronger move downwards I would have been ready to risk a few pips to not lose the move down.

Closed at previous S/R level

+ 33.7
Done with one operation.

There are really several opportunities every day.
nice trade!
  • #2,875
  • Nov 24, 2010 4:35am Nov 24, 2010 4:35am
Quoting george30
Sure Kosta! I trade stocks and currencies since 2004 and during this period I have developed a trading "philosophy" consisted of certain rules. I now conduct every transaction following two main algorithms based on the rules I mentioned. I backtested these two algorithms "pen and paper" style some time ago, as I lack the required computer skills, and the outcome was promising. The actual results so far are also positive. What I want to do now is to find somebody to perform a proper backtesting for me, preferably on MT4 platform. I believe this...
I see. My experience with programming goes back to BASIC with a TI-99/4A computer. So, I couldn't write an EA. I recommend posting a thread at the "Platform Tech" session. I tried to send you a private message but since you are new to the FF, you will be able to receive one after a while.
  • #2,876
  • Nov 24, 2010 4:35am Nov 24, 2010 4:35am
Quoting Survivor
Yes i get what you mean. An hour actually closed above the constraing MA making things confusing. And then larger Sl is need to trade HTF. i have 3 observations regarding this:

1. I find slow movers best for constrainment- one can measure upto 2-3 pips. no fake outs. I have success with USDCAd in particular. Sell near previous hour high with 5 pip SL as simple as that.

2. For fast movers keep slightly larger SL. maybe 20 pips is needed. I still need to marter them. Any suggestions welcome.

3.Even if you dont trade HTF constrainments, it's always...
Will look at UsdCad later on,thanks..right now i try to focus on 2 pair (EU&GU) to 'feel' their character..
Regarding SL..definitely need larger SL..
Yeah..it's good to spot the constrainment..know that something big is going to happen..still looking for a 'clue' to enter in 15M..
  • #2,877
  • Nov 24, 2010 4:37am Nov 24, 2010 4:37am
Quoting george30
Sure Kosta! I trade stocks and currencies since 2004 and during this period I have developed a trading "philosophy" consisted of certain rules. I now conduct every transaction following two main algorithms based on the rules I mentioned. I backtested these two algorithms "pen and paper" style some time ago, as I lack the required computer skills, and the outcome was promising. The actual results so far are also positive. What I want to do now is to find somebody to perform a proper backtesting for me, preferably on MT4 platform. I believe this...
http://www.forexfactory.com/showthread.php?t=57727
  • #2,878
  • Nov 24, 2010 5:00am Nov 24, 2010 5:00am
Quoting Whenever
Short M15 EMA10 + RN

I must say that the Touch of the Ema10 was not exactly at pip, but seeing the RN and the stronger move downwards I would have been ready to risk a few pips to not lose the move down.

Closed at previous S/R level

+ 33.7
Done with one operation.

There are really several opportunities every day.
I have to admire you, because it seems to me that you don't follow rules strictly, but always earn pips++++.
  • #2,879
  • Nov 24, 2010 5:23am Nov 24, 2010 5:23am
Quoting kk007
http://www.forexfactory.com/showthread.php?t=57727
Many thanks kk007! This will probably help a lot...
  • #2,880
  • Nov 24, 2010 5:34am Nov 24, 2010 5:34am
I couldn't resist that one.
I am sure some other Dancer took that too.

Half position for me, as the Master teaches, when the daily target has already been achieved..

M15 - 35/50 + RN
H1 - 10

8 pips down just until the M5 EMAs, but worth for a test.

Friendly note for KK007: look at the interesting price action on H1 onto the actual (Yellow) H4 TL ( I also appreciate your posts like Survivor and am already awaiting for your critic ).
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